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  • FIRST POST
    • MSE Luke
    • By MSE Luke 9th Nov 17, 12:42 PM
    • 277Posts
    • 78Thanks
    MSE Luke
    MSE News: Premium Bond prizes to be boosted following base rate rise
    • #1
    • 9th Nov 17, 12:42 PM
    MSE News: Premium Bond prizes to be boosted following base rate rise 9th Nov 17 at 12:42 PM
    Millions of Premium Bond holders will have a better chance of winning from next month...
    Read the full story:
    'Premium Bond prizes to be boosted following base rate rise'

    Click reply below to discuss. If you havenít already, join the forum to reply.
Page 1
    • polymaff
    • By polymaff 9th Nov 17, 1:19 PM
    • 2,767 Posts
    • 1,269 Thanks
    polymaff
    • #2
    • 9th Nov 17, 1:19 PM
    • #2
    • 9th Nov 17, 1:19 PM
    Good news. 1.575% equivalent for a basic rate taxpayer
    • alanq
    • By alanq 9th Nov 17, 1:49 PM
    • 4,154 Posts
    • 2,732 Thanks
    alanq
    • #3
    • 9th Nov 17, 1:49 PM
    • #3
    • 9th Nov 17, 1:49 PM
    Good news. 1.575% equivalent for a basic rate taxpayer
    Originally posted by polymaff
    Typo?

    New rate is 1.4% tax free. 1.4%/0.8 =1.75% if taxed at 20%.
    • polymaff
    • By polymaff 9th Nov 17, 1:58 PM
    • 2,767 Posts
    • 1,269 Thanks
    polymaff
    • #4
    • 9th Nov 17, 1:58 PM
    • #4
    • 9th Nov 17, 1:58 PM
    Good news. 1.575% equivalent for a basic rate taxpayer
    Originally posted by polymaff
    Typo?

    New rate is 1.4% tax free. 1.4%/0.8 =1.75% if taxed at 20%.
    Originally posted by alanq
    No typo. Whatever the size of the monthly prize fund, it is split, by NS&I, into three bands - high, medium and low. As an saver - this is mSe, not mGe - I regard the top two bands as "you die before you win" and factor the prize fund rate appropriately. (by 0.9)
    • PeacefulWaters
    • By PeacefulWaters 9th Nov 17, 2:04 PM
    • 8,316 Posts
    • 10,685 Thanks
    PeacefulWaters
    • #5
    • 9th Nov 17, 2:04 PM
    • #5
    • 9th Nov 17, 2:04 PM
    Not that many basic rate taxpayers will pay tax on their savings interest.
    • Cactus_Jack
    • By Cactus_Jack 9th Nov 17, 7:42 PM
    • 572 Posts
    • 85 Thanks
    Cactus_Jack
    • #6
    • 9th Nov 17, 7:42 PM
    • #6
    • 9th Nov 17, 7:42 PM
    I've decided to transfer my Santander 123 savings to Premium Bonds on the back of this announcement, and close the 123 account. Anyone else considering this? Seems worth the risk for me for a chance of getting more.
    Last edited by Cactus_Jack; 09-11-2017 at 11:33 PM.
    • Ectophile
    • By Ectophile 9th Nov 17, 9:32 PM
    • 3,598 Posts
    • 2,313 Thanks
    Ectophile
    • #7
    • 9th Nov 17, 9:32 PM
    • #7
    • 9th Nov 17, 9:32 PM
    It might have been better to boost the number of £50 payouts. These, days, all I ever get is £25. And the list of prizes shows why.

    It's a bit disappointing to open the envelope and find it's just £25 again.
    If it sticks, force it.
    If it breaks, well it wasn't working right anyway.
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